A decline in the real GDP that occurs for at least two or more quarters is called a _______. a. recession c. recovery b. depress

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Vlad1618 [11]

3 years ago

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A decline in the real GDP that occurs for at least two or more quarters is called a _______. a. recession c. recovery b. depress

ion d. peak Please select the best answer from the choices provided A B C D

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1 answer:

vagabundo [1.1K] · Answer 1 · 2021-11-19T10:51:14+03:00

A decline in the real GDP that occurs for at least two or more quarters is called a depression. The correct option among all the options that are given in the question is option "b". There is a very thin line of difference between recession and depression. when the real GDP falls for a repeated number of periods, then it is depression.